Ch12 - 71-243: Human Resource Management Ch 12:...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
71-243: Human Resource Management Ch 12: Pay-for-Performance and Financial Incentives 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
71-243: Human Resource Management 2 Variable Pay Compensation linked to individual, team or organizational performance
Background image of page 2
71-243: Human Resource Management 3 Key Assumptions There is relative difference regarding impact of jobs on organizational performance. There is relative difference between individual performance
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
71-243: Human Resource Management 4 Developing Successful Variable Pay Plans Plan should support organization’s strategic objectives Plan should reward desired action Plan should be carefully managed and communicated
Background image of page 4
71-243: Human Resource Management 5 Types of Variable Pay Plans Based on Individual performance Based on Group/Team performance Based on Organizational performance
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
71-243: Human Resource Management 6 Individual Incentive Plans Key Issues Measurement of performance should be on an individual basis Work must be performed independently Organization culture should stress individualism
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/28/2011 for the course FINANCE 101 taught by Professor Chan during the Spring '11 term at Aarhus Universitet.

Page1 / 15

Ch12 - 71-243: Human Resource Management Ch 12:...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online